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This is the top Telegram channel for #Bitcoin news and information. Inject the orange coin directly into your mind! ๐ŸŠ
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JUST IN: FTX submits a proposal to reimburse customers for their Bitcoin at the rate of $16,871 per coin aprox 61% lower than the current priceโ—๏ธ
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This is why it's better to hold your coins by yourself in cold storage instead of holding them in exchanges...
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CATHIE WOOD: ๐ŸŸ  We think we are first in line for a spot Bitcoin ETF approval thatโ€™s why there is this January 10th deadline - we think a number of funds could be approved at the same time. The questions now from the SEC are very technical - inline with an approval ๐Ÿ‘€
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NEW: ๐ŸŸ  Director of Research at Blockstream thinks there's nothing that can be done against the existence of Bitcoin Ordinals ๐Ÿค”

"As near as I can tell there is no sensible way to prevent people from storing arbitrary data in witnesses without incentivizing even worse behaviour and/or breaking legitimate use cases."

- Andrew Poelstra
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ICYMI: ๐ŸŸ  Bitcoin will reach $1M in 2029, per founder and CEO of the ๐Ÿ‡บ๐Ÿ‡ธ US cryptocurrency lobby group Digital Commerce Chamber Perianne Boring ๐Ÿ™Œ
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๐Ÿ” Security tips from The Bitcoin Way ๐ŸŒ
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"I donโ€™t look at price, I look at hash. Hash precedes price. Miners are the significant risk-takers, not the speculators. The mainstream financial media only looks at price, so they missed the entire Bitcoin move from $1 to $44,500. Theyโ€™ll also miss the move to $400,000."

- Max Keiser
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๐ŸŸ  Legend predicting a Bitcoin ETF approval when the price was only $20, 12 years ago ๐Ÿคฏ

"This would allow access to billions in capital."

Ahead of his time is an understatement.
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ICYMI: ๐ŸŸ  30k Bitcoin left Coinbase over the past few days ๐Ÿ‘€
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Is someone getting ready for an ETF approval? ๐Ÿค”
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BREAKING ๐Ÿ’ฅ VanEck has just entered the Bitcoin advertising race in anticipation of a Bitcoin Spot ETF approvalโ—๏ธ

โ€œBorn to Bitcoin.โ€

๐Ÿคฏ๐Ÿคฏ๐Ÿคฏ
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Media is too big
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NEW: A short film entitled โ€œA Rigged Economy - Why Gen Z and Millennials are Strugglingโ€ investigates the disastrous societal effects of easy money ๐Ÿ˜ฎ

By Bit Intelligence
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๐ŸŸ  2012 tutorial on how to receive free Bitcoin ๐Ÿคฏ
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Ah the good old days
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JUST IN: ๐ŸŸ  VanEck amends the S-1 for their spot Bitcoin ETF on the same day they release a new Bitcoin commercial ๐Ÿ‘€
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NEW: A massive ๐Ÿ’ต $1.19B worth of Bitcoin moved off of centralized exchanges on Wednesday, marking the largest single-day $BTC outflow since December 2022 ๐Ÿ™Œ
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JUST IN: ๐Ÿ‡บ๐Ÿ‡ธ BlackRock officially names JP Morgan and Jane Street as authorized participants for it's spot Bitcoin ETF ๐Ÿ‘€
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NEW: ๐ŸŸ  Bitcoin analyst seems to believe there could be a capitulation event in the horizon should Bitcoin ETFs not be approved before January 10th ๐Ÿ‘€

"Slightly concerned about the declining hash rate and Bitcoin miner balance, which is dropping quite extensively.

The mining pools that are reducing the balance are MaraPool, F2Pool, and Poolin, by about 13k BTC in the past few weeks.

This doesn't mean they have sold; in fact, barely any Bitcoin has been sent to exchanges. So it's most likely wallet re-shuffling.

But we are seeing a notable drop off in hash rate, roughly 10% already in the past 5 days.

If we get an ETF denial or (bad news), and the hash rate continues to drop, with a serious amount of leverage below these price levels, a potential miner capitulation/cascade is on the cards.

Maybe, shorts will pile in, and then we get the meaningful correction/bottom."

- James Van Straten
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